1121 E 6TH, National City, CA 91950

$1,800,000

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List Price
$1,800,000
Price Change
▼ $100,000 1784010029
Status
ACTIVE
MLS#
NDP2605802
Year Built
1973
Lot Size
6,555
Acres
0.15
Lot Location
Rectangular Lot
Days on Market
41
Property Type
Multifamily

Property Description

We're pleased to present 1121 E 6th Street, a 7-unit multifamily investment opportunity located in the heart of National City, one of San Diego County's most dynamic and rapidly evolving rental markets. The property consists of seven apartment units totaling approximately 4,536 square feet situated on a 6,555 square foot lot, featuring a desirable unit mix of (1) three-bedroom/two-bath unit and (6) one-bedroom/one-bath units. Built in 1973, the property offers investors stable in-place income with significant upside through continued rent growth and strategic value-add improvements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while providing operational efficiency. Residents enjoy desirable amenities including eight on-site parking spaces, on-site laundry facilities, granite countertops, and dumpster service, enhancing tenant retention and market appeal. The property's straightforward layout and solid construction provide an ideal foundation for future upgrades designed to increase rental income and overall asset performance. Located just minutes from Downtown San Diego, Naval Base San Diego, Chula Vista, and major employment centers throughout the South Bay, the property offers tenants convenient access to shopping, dining, schools, public transportation, and essential services. The property's proximity to Interstate 5, Interstate 805, and State Route 54 provides exceptional regional connectivity, making it an attractive housing option for commuters throughout San Diego County. National City continues to experience substantial public and private investment, driven by multifamily redevelopment, infrastructure improvements, and revitalization efforts throughout the city. With strong rental demand, a central location, operational efficiencies, and measurable rental upside, 1121 E 6th Street presents investors with an opportunity to acquire a well-positioned asset offering both immediate cash flow and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.

Additional Information

Pool Description
None
Sewer
Public Sewer
Attached Structure
Attached
Number Of Units Total
7
Gross Scheduled Income
$137,840
Operating Expense
45481

Listing courtesy of Listing Agent: Eric von Bluecher (evb@lee-associates.com) from Listing Office: Lee & Associates.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.